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According to official data, (This chart comes from FT) China recorded the highest balance of payments deficit ever in the first quarter of 2015. It was only $80 billion but it means that a record of $159 billion in capital left the country to look for better returns elsewhere. As with all data coming out of China, it needs to be taken with a grain of salt. But is the liberalisation aiding Chinese to take money out?
According to official data, (This chart comes from FT) China recorded the highest balance of payments deficit ever in the first quarter of 2015. It was only $80 billion but it means that a record of $159 billion in capital left the country to look for better returns elsewhere. As with all data coming out of China, it needs to be taken with a grain of salt. But is the liberalisation aiding Chinese to take money out?
According to official data, (This chart comes from FT) China recorded the highest balance of payments deficit ever in the first quarter of 2015. It was only $80 billion but it means that a record of $159 billion in capital left the country to look for better returns elsewhere. As with all data coming out of China, it needs to be taken with a grain of salt. But is the liberalisation aiding Chinese to take money out?
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